Building Details

Buildings 1

Listing Agency: eXp Realty n***@exprealty.net Show Phone

Listed By: Ben Gray · License #10301219756 Show Phone

Source: Exprealty

Added: Oct 29 Changed: Oct 30 Last Checked: Oct 30 at 2:53PM

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Investment Insights

Based on property information with market context.

This 3,212-square-foot multifamily property contains six apartments: one studio, four one-bedroom units, and one two-bedroom unit. Finishing work remains before all six apartments can reach full occupancy.

The property is at 2363 W Genesee Rd in Lysander, near Route 690 and the Village of Baldwinsville. Shopping, dining, and village amenities are also nearby.

Key Highlights

• Six apartments: one studio, four one‑bedroom units, and one two‑bedroom unit
• 3,212 square feet
• Finishing work is needed before all six apartments can be fully occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,327

Cap Rate

5.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$606,540 $606.5K

Cap Rate 7%

$433,243 $433.2K

Cap Rate 9%

$336,967 $337.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,212 SF

Gross rent

$59.0K $18.36/SF

− Vacancy

−$3.8K −$1.19/SF

EGI

$55.1K $17.17/SF

− OpEx

−$24.8K −$7.72/SF

NOI

$30.3K $9.44/SF

Area

Onondaga County, NY

Vacancy

6.50%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$606,540

Cap Rate 7%

$433,243

Cap Rate 9%

$336,967

Alternative Uses

Best Use

Apartment 5plus

$433.2K

$379.1K – $505.5K (±1% cap)

NOI $30,327 @ 7.0% cap · market cap 5.78%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$558.2K

$488.4K – $651.2K (±1% cap)

NOI $39,074 @ 7.0% cap · market cap 7.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

6

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

453

Businesses Nearby

Explore this area Business Placement

Demographics for 13027, NY

34,507

Population

15,276

Households

2.3

Avg Household Size

44

Median Age

45%

College-Educated

96%

High-School Grad

67.0 sq mi

ZIP Area

515

Density / Sq Mi

$91,369

Median Household Income

$55,805

Median Earnings

$1,258

Median Rent

$226,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - The apartment mix ranges from a studio to a two-bedroom layout.

Where is this apartment building located?

The property is located at 2363 W Genesee Rd Lysander, NY.

What is the asking price?

The asking price for this property is $524,900.

What are key features of this property?

This property features: Six apartments: one studio, four one‑bedroom units, and one two‑bedroom unit; 3,212 square feet; Finishing work is needed before all six apartments can be fully occupied